A member of
Eurex
1. Introduction
With this circular, Eurex Deutschland and Eurex Frankfurt AG announce amendments to the Third-Party Information Provider (“TPIP”) framework. These changes required adjustments to the following rules and regulations with effect from 1 July 2020:
The changes include, among others, the introduction of a new distinct TPIP type called Qualified Third-Party Information Provider (“QTPIP”).
2. Required action
The attached amendments are deemed to have been approved if the Trading Participant does not lodge objections with Eurex Frankfurt AG within six (6) weeks of notification of the amendments.
3. Details
As part of its efforts to support the electronification in the off-book market, Eurex will extend its Third-Party Information Provider (TPIP) framework with T7 Release 8.1 by introducing an additional TPIP type, the so-called Qualified Third-Party Information Provider (“QTPIP”). Therefore, the set of TES types will be extended by a new TES type denoted as Qualified Third-Party Information Provider trade (“QTPIP trades”).
The new TES type will be reserved for off-book trades where the price discovery occurred on an electronic off-book trading platform outside of the Eurex environment. Only third-party information providers that have been categorised by Eurex as QTPIPs will be allowed to perform off-book entries on behalf of Eurex exchange participants to the Eurex T7 trading platform using the new QTPIP TES type. In general, all Eurex participants are able to approve such QTPIP entries which will then result in QTPIP off-book trades.
The former TPIP will be renamed to Standard Third-Party Information Provider (“STPIP”). Both TPIP memberships will be subject to fees which are defined in the Price List.
The TPIP framework extension is addressed in the updated Section 4.6 of the Conditions for Trading at Eurex Deutschland. For further information, please refer to the 19th Amendment Ordinance to the Conditions for Trading at Eurex Deutschland which can be found on the Eurex website www.eurexchange.com under the following link:
Resources > Rules and Regulations > Trading conditions
If you have any questions or require further information, please contact André Eue via e-mail: andre.eue@eurexchange.com, or Marcel Rothacker via e-mail: marcel.rothacker@eurexchange.com or your Key Account Manager Trading at client.services@eurexchange.com.
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice | |
Contact: | André Eue, andre.eue@eurexchange.com; | |
Web: | www.eurexchange.com | |
Authorised by: | Randolf Roth |
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.